GROWING CONSUMER ELECTRONICS MARKET
Europe has one of the largest Polystyrene recycling capacity in the world (27% of the total Polystyrene waste generated in Europe). In 1992, the EPS (Expanded Polystyrene) organization from Europe (EUMEPS) along with the Asian and North American organizations formed the international EPS alliance with the goal to enhance polystyrene recycling around the globe. This has led to increasing awareness for polystyrene recycling. The major countries where Polystyrene is recycled are Netherlands, Germany, Belgium, Italy, and France. As much as 60% of PS was recycled in Netherlands in 2013. In Belgium, as much as 6.86 kilo metric tons of PS waste was generated from the packaging industry, out of which 3.3 kilo metric tons was recycled in 2013. Recycling PS reduces the amount of PS litter, which is harmful to wildlife; it also leads to less landfill space requirement and saves the costs of disposal.
High impact polystyrene contains rubber. It is less transparent than GPPS and not clear. It is mainly used for products which require high impact resistance. Packaging is the largest segment for HIPS. It is used for food packaging (meat trays, egg cartons, fruit trays, dairy packaging), industrial packaging and consumer packaging (cassettes, CD covers, etc.) HIPS is also used majorly in electronic and appliances applications such as in computer housings, TV housings, and freezer and refrigerator liners appliances housings.
Germany Dominates the Market
Germany has the highest share in the market, accounting for nearly 23% of the regional market share in 2017. The market for Germany is driven majorly because of the recovering construction industry. The non-residential and commercial buildings in the country are also expected to see significant growth prospects in the coming years. This growth is also supported by the lower interest rates, increase in real disposable incomes and numerous investments by the European Union and the German Government. This is expected to lead to an increase in the demand for PS in the country.
Key Developments in the Market
- December 2017: Trinseo announces price increases for Polystyrene, Polycarbonate and Copolymers in Europe
Reasons to Purchase this Report
- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Various market perspectives, with the help of Porter’s five forces analysis
- Regions or countries that are expected to witness the fastest growth during the forecast period
- Product segment, which is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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1.1 Scope of the Report
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Recycling in Polystyrene Industry
4.1.2 Consumer Consumer Electronics Market
4.2.1 Increasing Ban on Polystyrene
4.2.2 Availability of High Performance Substitutes
4.3.1 Recovering Construction Industry
4.3.2 Ongoing Research to Develop Bio-Based Polystyrene
5. Market Segmentation and Analysis
5.1 By Resin Type
5.1.1 General Purpose Polystyrene (GPPS)
5.1.2 High Impact Polystyrene (HIPS)
5.1.3 Expandable Polystyrene (EPS)
5.2 By Form Type
5.2.2 Films & Sheets
5.2.3 Injection Moulding
5.3 By End-User Industry
5.3.2 Building and Construction
5.3.3 Electrical and Electronics
5.3.4 Consumer Goods
6. Regional Market Analysis
6.2 United Kingdom
6.6 NORDIC Countries
6.7 Rest of Europe
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis*
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials*, Products & Services, Recent Developments, and Analyst View)
9.1 BASF PERFORMANCE PRODUCTS
9.2 INEOS STYROLUTION GROUP GMBH
9.3 KUMHO PETROCHEMICAL CO., LTD.
9.4 LG CHEM, LTD.
9.6 SYNTHOS S.A.
9.7 THE DOW CHEMICAL COMPANY
9.10 VERSALIS S.P.A
9.11 ...list not exhaustive
11. * subject to availability on public domain